8070 Stage Rd - Retail FOR SALE


Memphis, TN 38133- Wolfchase
$3,000,000 USD
504-301-1002
8070 Stage Rd, Memphis, TN for Sale
$3,000,000 USD
Retail - FOR SALE
1/5
null | 6.36% Cap Rate

8070 Stage Rd
Memphis, TN 38133
Wolfchase


OVERVIEW

Prime Retail Location | Exceptional Demographics Wolfchase Shops is strategically positioned at the signalized intersection of Highway 64 (Stage Road) and Germantown Parkway—one of the busiest retail corridors in Bartlett, a suburb of Memphis, TN—with combined traffic counts reaching 80,000 vehicles per day. The property sits directly across from the Wolfchase Galleria Mall, home to over 130 national retailers. Nearby major anchors include Sam’s Club, Walmart, Lowe’s, Target, and Home Depot. The surrounding area boasts strong demographics, with over 160,000 residents and an average household income of over $106,000 within a 5-mile radius. Attractive Lease Terms | Strong Retail Performance The property benefits from favorable lease structures with current rents at or below market levels, providing future upside through strong scheduled rental increases and re-tenanting opportunities. Mattress Firm continues to demonstrate strong in-store sales, approaching its percentage rent threshold in recent years. Subway recently renewed for a 10 year term with 3% annual rental increases. T-Mobile is still in its primary term and includes strong 5 year renewals with significant rental increases National Tenant Lineup | NNN Leases The center is anchored by nationally recognized tenants Mattress Firm, T-Mobile, and Subway, ensuring steady foot traffic and brand-driven consumer appeal. T-Mobile most recently signed a new 10-year lease and fully renovated its space as part of a strategic relocation from a nearby site. All leases are triple-net (NNN), with tenants reimbursing the landlord for operating expenses on a monthly basis. Strong Memphis MSA Fundamentals Located just 17 miles from Downtown Memphis, the property benefits from its proximity to one of the South’s most dynamic metropolitan areas. Memphis, with a city population of over 650,000 and a metro population exceeding 1.3 million, serves as a regional economic hub for Tennessee, Mississippi, and Arkansas.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.36%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wolfchase Shops

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,564 SF

ZONING

C-H

APN/PARCEL ID

B0-158-0-0633

ASK ABOUT THIS PROPERTY

Ben Jacobsonben + burkaMore Info
504-301-1002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ben Jacobsonben + burkaMore Info
504-301-1002

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.